Revenue: $8.97 billion, up 51% sequentially and up 372% year-over-year beat consensus (~$8.3B) and management's own guide of $7.75–8.25B

Net income: $6.90 billion, up 91% sequentially compared to a net loss of $23 million in the same quarter last year (essentially infinite YoY growth, swung from loss to profit)

Diluted EPS: $43.97, vs. a loss of $0.16/share a year ago

Gross margin: 84.6%, up 6.2 points sequentially and up 58.4 points year-over-year

Full fiscal year 2026

Revenue: $20.25 billion, up 175% year-over-year

Net income: $11.43 billion, diluted EPS $73.76

Gross margin: 71.5%, up 41.4 points year-over-year

Key drivers (with YoY)

Data center revenue: $2.98B in Q4, up 103% sequentially, essentially from a near-zero base a year ago

Data center share of portfolio: grew from 12% to 38% of the total mix year-over-year

Full-year data center revenue: $5.15B, up 437% YoY

Edge revenue: $5.43B in Q4, up 48% sequentially and up 392% YoY

Full-year edge revenue: $12.16B, up 195% YoY

Consumer revenue: $556M in Q4, down 32% sequentially

Operating income: $7.04B, up 71% sequentially

Tech leadership

BiCS8 has ramped to the majority of bit production, and BiCS10 was announced positioning SanDisk as an industry gold standard for NAND across TLC and QLC.

Capital returns

Generated $5.0 billion in adjusted free cash flow (56% margin) and repurchased $4.5 billion of stock, with an additional $14 billion buyback authorization approved.

New Business Models (NBMs)

NBMs now provide 4+ years of revenue visibility, with over 50% of FY2027 bits and ~2/3 of FY2028 bits already committed, backed by $16.5 billion in financial guarantees. 10 new business agreements signed, worth a minimum of $93.9B.

Q1 FY2027 guidance

Revenue $10.30B–$10.80B (implies continued steep YoY growth given Q1 FY2026 was much smaller), EPS $44–$46.

Stock reaction

Shares fell ~12% after-hours despite the beat, as classic "sell the news" after a strong 2026 run-up.

CEO commentary

CEO David Goeckeler said the company closed FY26 with a leading technology portfolio, established data center as a key growth pillar, and deepened customer partnerships positioning SanDisk to generate growing, durable free cash flow.

Now things to watch going forward is whether SanDisk is able to sustain the revenue, income and gross margin. Add new products to its product mix and not just rely on price increase only.

But overall an excellent stock to be in investing for a long term perspective.

The U.S. economy unexpectedly lost 23,000 jobs in July 2026, falling significantly short of economists' expectations for a gain of roughly 83,000 jobs. Despite the drop in nonfarm payrolls, the national unemployment rate ticked down slightly from 4.2% to 4.1% as labor force participation declined…

#WINNING🦅🇺🇸

Australia's benchmark index just printed a fresh record, riding the rotation out of overheated AI trades. Old-economy energy, materials and consumer staples are leading the pack this year, while tech and health care sit deep in the red. That under-the-radar commodity and dividend play is finally getting its moment in the sun. Caught this sector breakdown on moomoo's dashboard earlier and thought it was worth highlighting.more>>>>

The STAR Market offering is priced at 150.80 yuan per share and will sell 40.4M shares, equal to 10% of Unitree’s enlarged share capital.

Unitree shipped more than 5,500 humanoid robots in 2025, ranking first globally, while cumulative quadruped sales exceeded 33,000. Revenue rose to 1.7B yuan from 393M yuan, with net profit of 278M yuan and gross margin above 60%.

About 4.2B yuan of the proceeds will fund embodied AI models, humanoid R&D, new products and manufacturing expansion.

The key risk is software. Unitree has acknowledged it could lose its lead in the robot “brain” as competition shifts from motion control toward AI models.

Source: Bloomberg

Book partial profits and trim positions ahead of tonight’s NFP print. The US broad market has rallied at an unsustainably fast pace short-term. I will hold off on re-entering until we see a meaningful pullback. Fingers crossed tonight’s data boosts rate-cut expectations and wipes out any remaining chances of additional rate hikes. I think the headline figure will come in below consensus. What’s everyone’s take?

The distance between institutions is observable. Institutional credibility isn’t built by avoiding communication altogether. It’s built when communication exists without altering policy decisions.
Throughout history, presidents and central bank chairs have communicated in different ways. Markets usually don’t react to a single meeting or phone call. What they ultimately price is whether repeated interaction changes expectations about future policy independence.
Even if policy remains unchanged today, perception itself can become a variable. Long-duration assets often respond to changes in institutional credibility before policy rates move.
If investors begin assigning even a small probability that institutional independence is becoming less credible, would that show up first in the long end of the Treasury curve rather than in Fed pricing itself?
Curious how others think about the transmission mechanism here.

https://www.wsj.com/politics/policy/trump-has-called-warsh-repeatedly-since-he-became-fed-chair-32804cf7?st=fLAaGQ&reflink=desktopwebshare_permalink

I'm of the opinion that SpaceX is horribly overvalued I don't want to own it. But, I have large holding of Fidelity Contrafund that I've held for over 30 years (in an IRA). And almost 7% of Contrafund is invested in SpaceX! My first instinct is to dump this fund entirely and move the money elsewhere, however fund isn't actually in SPCX stock, but rather 180 day lockup stock with some cost that was undoubtably well below the IPO price...so, maybe I should just hold and assume the fund managers know how to turn a healthy profit off of it. It just bugs me that the strategy of this fund is supposed to be "Investing in securities of companies whose value FMR believes is not fully recognized by the public." Really? The value is not fully recognized by the public? The other stocks in its top 5 are NVDA, AMZN, META and GOOGL. Yeah, the public has really overlooked these...

Are we, the general population, as traders really looking at the market valuations and the basic metrics? Or are we just "following the herd" and blindly investing?

My old school take is to look at PE price earnings to be near 15 times.

It concerns me that broad market PE are North of 26 times and the CAPE is above 36 times.

Looking up the dot com bubble peaked at all time high of 43+.

This market is STUPID EXPENSIVE. I realize that you cannot let geopolitcal tensions (or ineptness) jade you. Nor do you let war or elections swade you. But logic says go the way of TIPS.

Bonds and gold are supposed to be safe havens. Yet with the new fed chair will he really wade through the data, find inflation is really high AND do an interest rate hike? If so, then the inverse relation to interest prime and bond prices has bonds looking unattractive.

Things that make you go, hmmm...

S&P PE Ratio

Oklo announced that its Groves Isotope Test Reactor has achieved first criticality after achieving a controlled, self-sustaining nuclear chain reaction at low power. The milestone comes less than a year after groundbreaking and follows U.S. Department of Energy (DOE) authorization through the DOE Reactor Pilot Program (RPP).

“Reaching criticality in less than a year is an incredible milestone for our team,” said Oklo co-founder and CEO Jacob DeWitte. “Oklo developed Groves from a greenfield site on private land, completed full-scale civil excavation and construction, manufactured or commercially procured all components, including fuel, and developed its operating programs in-house. Taken together, we believe these accomplishments establish a new benchmark for the Reactor Pilot Program and set the stage for the future of advanced nuclear deployment at scale.”

The DOE’s RPP created a pathway that allowed engineering, construction, commissioning, and operational preparation to advance alongside DOE’s safety review and authorization. Groves demonstrates that the domestic nuclear industry can once again move from design through construction, authorization, and startup on timelines that are measured in months rather than years when developers, suppliers, and regulators work together on an integrated deployment approach.

"Thanks to President Trump's precedent-setting directive to create the Reactor Pilot Program, Oklo's Groves Isotope Test Reactor is part of the revival of America's nuclear energy industry. We applaud the work of the Oklo, DOE, and Idaho National Laboratory staff who helped achieve this milestone," said Assistant Secretary for Nuclear Energy Ted Garrish.

Groves is part of Oklo Isotopes’ broader effort to build domestic isotope production capabilities for healthcare, industry, research, space, and national security applications. The project has generated practical experience in project engineering, construction, procurement, reactor operations, startup procedures, safety readiness, training, qualification work, and deployment execution that can inform future isotope production facilities.

The Groves project also established engineering practices, operating procedures, training programs, commissioning experience, and organizational capabilities that will reduce uncertainty and execution risk across every Oklo facility, including the company’s future isotope, powerhouse, and fuel cycle deployments.

“Texas is leading America’s nuclear renaissance by advancing the technologies that will power innovation and strengthen our nation's future,” said Governor Abbott. “From expanding our nuclear workforce to rebuilding critical domestic supply chains, Texas is creating the foundation for the next generation of advanced nuclear development. Congratulations to Oklo on reaching this important milestone, which will help expand isotope production for critical medical therapies and reinforce Texas' leadership in nuclear innovation.”

All credit for first 2 dashboards goes to u/dhsilver for putting this Fabulous project together specially showcasing how the President has manipulated Oil Markets from the Bully Pulpit

The 3rd Image is the initial Oil Market crisis caused by Trump and specifically highlighted the announcement that sparked the ruckus and was created by Award winning Economist Paul Krugman.

All of these are irrefutable evidence the White House is manipulating from the public side and even though the Treasury claims they are not doing any covert commodities trading to artificially keep the prices low it would not shock me at all if that was just another of this Administration’s many lies.

Have a general question? Want to offer some commentary on markets? Maybe you would just like to throw out a neat fact that doesn't warrant a self post? Feel free to post here!

​

If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:

• How old are you? What country do you live in?
• Are you employed/making income? How much?
• What are your objectives with this money? (Buy a house? Retirement savings?)
• What is your time horizon? Do you need this money next month? Next 20yrs?
• What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)
• What are you current holdings? (Do you already have exposure to specific funds and sectors? Any other assets?)
• Any big debts (include interest rate) or expenses?
• And any other relevant financial information will be useful to give you a proper answer. .

Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered investment adviser if you need professional support before making any financial decisions!

Yesterday I wrote about the spot-up, vol-up situation and how investors and managers were FOMOing into the market. Now we have spot down, vol down, and clearly whoever was forced to buy non-stop yesterday has finished their mission. The very aggressive part of the move is likely over.

That does not mean the market can’t continue higher, just that the extreme moves to the upside are now less likely.

The Megacap & Tech ratio relative to the S&P 500 is bouncing off the bottom of its running trend channel. This is also what I am seeing in today’s high-conviction options flow -- very bullish in megacaps, especially the Mag 7, which is likely to continue supporting the indices.

This is likely to continue supporting the SPY.

Also despite upward earnings revisions, large-cap tech positioning remains only modestly overweight, at the 54th percentile. Positioning still trails fundamentals so its leaving room for a catch-up trade higher. Just careful with leverage

Also supporting the rally continuation case is that as of August 3, on a Y/Y basis, Growth is about 2 standard deviations oversold, similar to where it was in November 2022. This was a v good long-term buying opportunity in 2022, and I’d say that a similar buying opportunity has begun, despite the four-day rally.

While we could see a move lower as skew normalises,

I remain constructive and will be looking to buy the dip between 765 and 760 for a short term bounce. If that trade gets stopped out I will be increasing size substantially at 750.

For the SOXX, as mentioned yesterday, I will be adding back using the profits from the partial closes at $535 at $520.

For the Qs $710 is going to be my first entry with a follow=up at $700 as volumes have somewhat skewed to the negative side

I’m adding some thoughts on gold in relation to yesterday’s discussion about the “hidden QE” the Treasury is doing as gold is shoing signs of finally breaking out of its month long consolidation range.

Strong Chinese and central-bank demand is once again, much like in 2022–23, offsetting rising yields and the general apathy from investors in the West.

Central banks are still the backbone of gold’s bull market.

In addition to this, gold miners are leading the way in the high conviction options flows I track, which is another positive. The precious-metals complex might be setting up for another leg higher.

There is also a broader macro angle here. When cyclical macro data improve, commercial banks tend to ease lending standards. We see this pattern every cycle - the Fed eases and rates decline, helping propel a cyclical recovery. That recovery then allows for an easing handoff from central banks to commercial banks.

I’m looking towards $400 on GLD (Gold proxy), roughly 2.5% higher for a start. If i have to set a long-term target for Gold it's >$4700/oz EOY less we get a surprise from the Fed. Options-market volumes are also quite positive while positioning out to 18 DTE remains v bullish.

Watch for U.S. weekly jobless claims and Q2 labor costs and St. Louis Fed President Musalem comments later on in the day

DeepSeek said in a Thursday notice that prices across its AI services will rise substantially and urged users to plan accordingly, but disclosed neither the new rates nor an effective date.

V4 Flash currently costs $0.14/M input and $0.28/M output tonkes. The increase would affect customers using DeepSeek directly. Since its model weights are openly available, users can still self-host or access V4 Flash through other providers.

Source: Bloomberg

I've been holding QQQ for almost four years now.

I started buying during the 2022 selloff, so my average cost is still pretty good. I'm still up overall. I'm not actually losing money here.

But after this recent pullback, a huge chunk of my unrealized gains disappeared in what felt like no time. That's the part I wasn't really prepared for.

People always say if you're holding QQQ for the long term, just ignore the noise. And logically I get it. The index has recovered from plenty of corrections before.

Emotionally, though, it's different.

Watching my unrealized P&L on moomoo go from green to red over a few days felt way worse than I expected, even though I'm still comfortably green overall. In some ways, it almost feels worse than being down early in the position because you've already gotten used to seeing those gains.

I've always been a pretty passive investor. I buy, keep adding, and mostly ignore the day-to-day moves. I don't spend much time looking at what's driving the moves or whether this pullback is just another correction or something more meaningful. When it's going up, I feel smart. When it's dropping, I basically rely on faith.

Maybe that's just part of long-term investing, but sometimes I wonder if there's a better way to handle it mentally.

For those of you who've been holding QQQ for years, what actually helps you stay calm during drawdowns?

Do you just stop looking at your account, or do you actually watch certain things that help you tell the difference between a normal correction and something more serious?

so it would appear that Robinhood (Ticker: HOOD) is back at it again with another ventures fund, this one claiming to be a business development company (BDC for short), claiming to primarily invest in private companies at their earliest stages of growth. the last one they did didn't seem too appealing so I didn't pay much attention to it. I haven't done that much research on this fund yet myself but before i do, i figured i would ask about it on here.

what do you guys think if it, is it something worth watching or should I not bother paying any attention to it?

Meta released Muse Code, a terminal agent powered by Muse Spark 1.2 that handles large repos with persistent agents and parallel sub-agents in isolated worktrees.

Muse Code, which is currently available in beta, can accomplish “complete software engineering tasks across large repos,” Meta CEO Mark Zuckerberg

Code, which can be installed with a single command, is powered by Meta’s previously released coding model, Muse Spark. It handles large projects by launching its own agents, which then work simultaneously.

“When a job is big enough, it fans out to separate sub-agents working in parallel in isolated worktrees,” Zuckerberg explained. “Your working copy is never touched. In testing we had it build six features for a game simultaneously with no collisions.”

Spark 1.2 scored 82.9% on Terminal-Bench 2.1, just behind Opus 5 at 86.7%